4//SEC Filing
Gundlach Andrew 4
Accession 0000950170-24-110907
CIK 0000766704other
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 4:54 PM ET
Size
9.1 KB
Accession
0000950170-24-110907
Insider Transaction Report
Form 4
WELLTOWER INC.WELL
Gundlach Andrew
Director
Transactions
- Award
LTIP Units
2024-09-30+164→ 164 total→ Common (164 underlying) - Award
Other Stock Units
2024-09-30+164→ 164 total→ Common (164 underlying)
Footnotes (2)
- [F1]Represents an award, granted without cash consideration, of membership interests in Welltower OP LLC ("Welltower OP"), a subsidiary of Welltower Inc. (the "Issuer"), designated as LTIP Units ("LTIP Units"), which LTIP Units are intended to qualify as profits interests for US federal income tax purposes. The LTIP Units are scheduled to vest on September 30, 2025, subject to the reporting person's continued service on the vesting date. The LTIP Units, if and as they become vested, are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into Class A Common Units in Welltower OP ("OP Units"). The resulting OP Units may be exchanged by the reporting person for shares of common stock, par value $1.00 per share ("Common Shares") of the Issuer or the equivalent cash value of Common Shares, as determined by the Issuer.
- [F2]Solely in order to reserve Common Shares to satisfy any exchange in respect of OP Units as contemplated herein that might occur in the future, the reporting person also received an award of Other Stock Units under the Welltower Inc. 2022 Long-Term Incentive Plan (the "2022 Plan"). The award of Other Stock Units provides the reporting person with the ability to acquire Common Shares under the 2022 Plan only through the exchange of OP Units for those shares and in no other manner. Upon the exchange of OP Units for Common Shares, the reporting person will relinquish all rights to the exchanged OP Units. Any Other Stock Units that may be remaining after all OP Units have been exchanged will be immediately canceled for no consideration.
Documents
Issuer
WELLTOWER INC.
CIK 0000766704
Entity typeother
Related Parties
1- filerCIK 0002031329
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 4:54 PM ET
- Size
- 9.1 KB